Meme-based dating app Schmooze bags $4M led by Elevation Capital

Quick Summary:

The fresh funds will be allocated for growth and enhancing Schoomze's AI engine.

Founded by Vidya Madhavan and Abhinav Anurag, the platform has attracted over a million users within 10 months of launch.

Recent estimates from Deloitte's 2023 Gen Z and Millennial Survey reveal nearly 50% of Gen Z in India feel socially disconnected despite high digital engagement.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: India

Topics: Platform Policy Dating Growth Attracted Users Schmooze Privacy Allocated Madhavan Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 00:30:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22572349

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 12 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #44

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